The Singapore government has introduced targeted measures worth more than $1 billion to help support the country’s ravaged offshore and marine industry.
The government’s initiatives include boosting trade development agency International Enterprise Singapore’s Internationalisation Finance Scheme (IFS) — and the reintroduction of government- backed bridging loans.
Shipyards, contractors, exploration and production companies, oil and gas equipment and services suppliers are among those that will be able to make use of the measures.
The
